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BUILDING ENTERPRISES. ARINDAM DUTTA, Resource Person Innovation, Entrepreneurship & Growth ASSOCIATE NETWORK PARTNER, EUROPEAN UNION ----------------------------------------------------------------------------- Entrepreneurship Development Cell at St. Xavier’s College, Kolkata.
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BUILDING ENTERPRISES ARINDAM DUTTA, Resource Person Innovation, Entrepreneurship & Growth ASSOCIATE NETWORK PARTNER, EUROPEAN UNION ----------------------------------------------------------------------------- Entrepreneurship Development Cell at St. Xavier’s College, Kolkata. Ekta Incubation Centre, West Bengal University of Technology, Kolkata (Supported by DST, Government of India) EKTA INCUBATION CENTRE 5TH MARCH 2007
Dr. Manmohan SinghHon. Prime Minister of India ……………‘What we must appreciate, however, is that the reforms we need to re-invigorate our economy and unleash the ‘animal spirits’ of our entrepreneurs and the creative potential of our professionals also involve a transformation of our society and a change of mindset.
Dr. Manmohan SinghHon. Prime Minister of India Our accomplishments, although not meagre, pale before what lies ahead.’…………. BRINGING IT BACK HOME Tuesday, September 28, 2004 Hindustan Times Kolkata
IS…………………………. ENTREPRENEURSHIP PROGRAM FOR PEOPLE WITH BUSINESS SENSE ?
ASPIRATION WHY ARE YOU IN A TRAINING PROGRAM ? ANSWER ….. I NEED A JOB!!!
RE-IMAGINE CAN YOU THINK OUT OF THE BOX !!
THE 3 STEPS • GAINFUL EMPLOYMENT • SELF EMPLOYMENT • ENTREPRENEURHSIP
ENTREPRENEURSHIP A CAREER OPTION !!
MEDIA HYPE • GRADUATING STUDENTS FROM B-SCHOOLS & TOP TECH INST • HUGE SALARIES & PERKS • Astronomical entry level Salaries • Fabulous Facilities • NEAR UNLIMITED OPPORUNITIES • Global
THE KNOWLEDGE DRIVEN SOCIETY • KNOWLEDGE IS POWER • POWER BRINGS IN CONFIDENCE • WE ARE HERE TO BARTER THIS POWER FOR A PRICE • PRICE IS COST PLUS COMPETENCY
ENTREPRENURS SMALL INCOME SMALLER OPPORTUNITIES LOW PROFILE ARE WE NOT LOOKING FOR THE JACKPOT!!
IMMEDIATE NEED • SCOUT FOR • OPPORTUNITIES THROUGH YOUR CORE COMPETENCY/IES
MONEY ISSUES FOR START UPS
TRADITIONAL FUNDING Application for loan at a local Branch of Designated Branch Fairly detailed paper work It is necessary for an existing client of the said bank to introduce the new account A guarantor/collateral security Time period for the loan to be disbursed
TRADITIONAL FUNDING • MARKET FINANCE IS AVAILABLE • PAPER WORK MINIMAL • FUND AVAILABILITY IMMEDIATE • INTEREST RATES HIGH • FUND AVAILABLE IN VERY SELECTED CASES
SEED FUND • IDEALLY SUITED FOR THE NEED OF START UP/ INCUBATEE • FUNDING CAN BE DONE AT OUR END, IN THE SHORTEST POSSIBLE TIME • OUR SUPPORT THROUGH SUCH FUNDING CREATES HIGHER CONFIDENCE LEVEL FOR TE INCUBATEE AND OTHER FUNDING AGENCIES THAT MAY BE INVOLVED
THE BEGINNING • FAILURES ARE THE PILLARS TO SUCCESS • SUCCESS WILL MULTIPLY 1 + 1 = 11
ARE THE YOUTH SKEPTICAL!! ARE WE THE TRAINERS WISE!!
STAY HUNGRY. STAY FOOLISH!! “Stay Hungry. Stay Foolish” The Whole Earth Catalog The Whole Earth Catalog STEVE JOBS ………………STEWART BRAND ………STEWART BRAND